Background

Mr. Luc Vandevelde is the Founder and Chairman of Change Capital Partners LLP. Mr. Vandevelde has international experience in agri-food and mass-market retail sectors. Mr. Vandevelde worked for 24 years with Kraft General Foods, where he served as the Chief Executive Officer of the French and Italian operations. He served as the Chief Financial Officer and a General Manager for Kraft in Madrid, Mr. Vandevelde served as the Vice President for Development and Planning ... at Kraft Europe in Lausanne and Chief Financial and Management Officer at Kraft GmbH in Germany. He served as the Vice President for Finance and Administration at Kraft International since 1988. Mr. Vandevelde returned to Europe in 1990 as the Chief Executive Officer and Chairman for France and then served for France and Italy at Kraft Jacob Suchard. He also served as the Chief Executive Officer at Carrefour SA. Mr. Vandevelde served as the President and Chief Operating Officer at Promodes since 1995 and also served as its Chief Financial Officer, General Manager and Chairman. He built Promodes into an international retailer with operations across Europe, Asia, and South America and merged it with Carrefour in 1999. Mr. Vandevelde served at Marks & Spencers Group PLC as Chief Financial Officer and General Manager. He served as the Head of Administrative Board at Carrefour SA since February 3, 2005. He has been Chairman of Majid Al Futtaim Ventures LLC since March 1, 2014. Mr. Vandevelde served as a Member of Executive Board of Marks & Spencer Group PLC and served as its Chairman from February 2000 to May 2004. He joined Marks & Spencer in 2000. Mr. Vandevelde also served at Carrefour at the following positions: Non-Executive Chairman of the Board and as Chairman of the Supervisory Board since April 2005. He served as Vice Chairman at Carrefour. He has been a Senior Independent Director at Vodafone Group Public Limited Company since July 24, 2012 and Non Executive Director since September 1, 2003. He served as a Director of Carrefour since March 9, 2004. He served as an Independent Director of Societe Generale Group since 2006. He is a Representative of Halley family Group.

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